Oct, 2014 : Google Leads $542 Million Funding For Startup Magic Leap

📅 October 21, 2014 - Magic Leap, developer of “novel human computing interfaces and software,” has raised $542 million in funding from various firms led by Google.

According to the Wall Street Journal, the startup is working on its own eyeglass wearable that will allow users to see computer generated images as a “real-life setting.”

“Magic Leapʼs mission is to develop and commercialize what we believe will be the most natural and human-friendly wearable computing interface in the world. What is remarkable is how well the human body and mind respond when technology respects biology, so truly magical experiences become possible. In this new world of the intimate relationship between computing and human sensory systems, Magic Leap is bending its proprietary technology to meet the very human needs of our future users and co-creators,” said Rony Abovitz, President, CEO & Founder of Magic Leap earlier this year via press release. “Our technology exists to unlock the creative spark found in all of us.”

Google head of Android, Chrome, and Apps business, Sundar Pichai, will join Magic Leaps's board while Google head of corporate development Don Harrison will be a board observer.

Other investors in Magic Leap include Qualcomm, Legendary Entertainment Inc., KKR & Co., Vulcan Inc., Kleiner Perkins Caufield & Byers, Andreessen Horowitz, and Obvious Ventures.

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